If you deposit $600 from year 1 to year 4, $500 from year 5 to year 15, and no deposit in year 16 and 17, and $700 in year 18. If the discount rate is 7%, what is the present value?

Select one:

a. $5,099.78

b. $4,933.05

c. $5,255.60

d. $5,114.28

e. $5,849.83